Peoples Educational Holdings (Peoples Educational Holdings) Accounts Receivable : $1.93 Mil (As of May. 2012)

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What is Peoples Educational Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Peoples Educational Holdings's accounts receivables for the quarter that ended in May. 2012 was $1.93 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Peoples Educational Holdings's Days Sales Outstanding for the quarter that ended in May. 2012 was 32.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Peoples Educational Holdings's Net-Net Working Capital per share for the quarter that ended in May. 2012 was $-2.94.

Peoples Educational Holdings Accounts Receivable Historical Data

The historical data trend for Peoples Educational Holdings's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Peoples Educational Holdings Accounts Receivable Chart

Peoples Educational Holdings Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

May07

May08

May09

May10

May11

May12

Accounts Receivable

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3.66

2.84

2.99

2.75

1.93

Peoples Educational Holdings Quarterly Data
	Aug07	Nov07	Feb08	May08	Aug08	Nov08	Feb09	May09	Aug09	Nov09	Feb10	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12
Accounts Receivable	Get a 7-Day Free Trial															2.75	4.02	1.61	1.30	1.93

Peoples Educational Holdings Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Peoples Educational Holdings Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Peoples Educational Holdings's Days Sales Outstanding for the quarter that ended in May. 2012 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.928	/	5.393	*	91
=	32.62

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Peoples Educational Holdings's accounts receivable are only considered to be worth 75% of book value:

Peoples Educational Holdings's Net-Net Working Capital Per Share for the quarter that ended in May. 2012 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.665	+	0.75 * 1.928	+	0.5 * 1.167	-	15.829
-	0	-	0)	/	4.4652
=	-2.94

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Peoples Educational Holdings Accounts Receivable Related Terms

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Peoples Educational Holdings (Peoples Educational Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Peoples Educational Holdings Inc (OTCPK:PEDH) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

299 Market Street, Saddle Brook, NJ, USA, 07663

Website

http://www.peopleseducation.com

Peoples Educational Holdings Inc develops and sells proprietary print and digital education products which are predominantly state-specific and standards-based, focused on state-required tests. The company operates through Test Preparation, Assessment, and Instruction Product Group. Test Preparation and Assessment segment create and sell print and digital products targeted to grades 1-12 to help students prepare for state proficiency tests. Instruction segment includes two product lines Focused Instruction and remedial and multicultural-related materials. Geographically, the business activities are carried out through United States.

Executives

Tony Christianson	director, 10 percent owner
Gordon Stofer	10 percent owner

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